Wednesday 9 February 2022

Why Other Blockchains Are Not Better

I see a lot of people believing that BTC is inferior to other projects like Ethereum or whatever new blockchain tech was released this week. At some point, I also believed this, so I can’t blame you.

But here are the facts, folks. BTC is not some foundation or business that can get shut down tomorrow. Nobody knows who its creator is, nobody owns the blockchain, nobody can shut it down (not even China lol). It’s permissionless, autonomous money kept alive throughout the world by miners and users.

Not by business deals, not by new projects, but simply by people like you and me looking to make a change. The tech behind it as a replacement for gold is still rock solid, and the blockchain can be upgraded by consensus and aided by second-layer solutions like Lightning.

Right now, BTC is unique on the market, and the only crypto delivering on the promise of independent money, not bound by any single third party. Since 2009 it grew by itself, with no marketing, no publicity, and no wealthy people shilling it. And until another crypto manages to do better on these conditions, BTC will remain the one true crypto to change the world.

From here on out, there’s still a long way to go. Pick your bags carefully people.

EDIT: thanks for the award!

submitted by /u/synnerman24
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